Hoa Viet. SJC’s contribution to State budget up 25.2%

The headquarter of Hoa Viet. JSC

(ĐN)- Hoa Viet Joint Stock Company (Hoa Viet.JSC) under Vietnam National Tobacco Corporation was equitized on April 1, 2005. Its head office is located in Long Binh Ward, Bien Hoa City, Dong Nai Province. After equitization, Hoa Viet.JSC has increased its annual capacity from 1,000 tonnes to 1,375 tonnes. This year, the company expects to raise its production capacity up to 16,500 tonnes, an increase of 36% compared with 2004. For fiscal 2005, its forcased turnover is  VND 440 billion, jump 12.5%. The company intends to contribute VND11.83 billion to the State budget, up 25.2% compared to the previous year. The company plans to triple its profit or hit VND 15.2 billion in the fiscal 2005. Currently, a worker has a monthly average income of VND1.9 million.

K.L